日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

Economy

Markets

Industries

Insights

Reports

Events

CNOOC, BG group sign agreement for Australian LNG project

(Xinhua)
Updated: 2009-05-13 13:19

China National Offshore Oil Corp (CNOOC) said Wednesday it had signed an agreement with United Kingdom-based BG Group involving a liquefied natural gas (LNG) development project in Queensland, Australia.

Under the agreement, CNOOC would buy 3.6 million tons per annum (mtpa) of LNG for 20 years from the start-up of the Queensland Curtis LNG Project in Australia, which is being developed by the BG Group.

Related readings:  CNOOC gas terminal in Zhuhai  CNOOC in 30b yuan coal-to-gas enterprise  CNOOC net profit up 42% in 2008  CNAF units sign fuel agreements with CNOOC

The project would come on line in 2014 with two liquefaction trains providing 7.4 mtpa capacity.

CNOOC would also take a 5-percent stake in the reserves and resources of some BG group holdings and a 10-percent share in the equity in one of the two liquefaction trains.

BG Group and CNOOC would jointly participate in a consortium formed to build two LNG tankers in China that would be owned by the consortium.

Fu Chengyu, president of CNOOC, said the agreement was a milestone in the strategic cooperation between CNOOC and the BG Group in natural gas.

CNOOC is the nation's largest offshore oil and gas producer. It has built four LNG receiving terminals in the coastal provinces of Guangdong, Fujian and Zhejiang provinces and in Shanghai.